Short Interest in Volato Group, Inc. (NYSEAMERICAN:SOAR) Decreases By 51.2%

Volato Group, Inc. (NYSEAMERICAN:SOAR) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,132,743 shares, a decline of 51.2% from the May 14th total of 2,319,315 shares. Based on an average daily volume of 3,529,388 shares, the short-interest ratio is presently 0.3 days. Approximately 4.9% of the shares of the company are sold short.

Hedge Funds Weigh In On Volato Group

An institutional investor recently raised its position in Volato Group stock. Geode Capital Management LLC grew its position in shares of Volato Group, Inc. (NYSEAMERICAN:SOAR) by 336.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,870 shares of the company’s stock after acquiring an additional 36,905 shares during the quarter. Geode Capital Management LLC owned about 0.64% of Volato Group worth $31,000 as of its most recent filing with the SEC.

Volato Group Stock Up 0.4%

SOAR stock traded up $0.00 during trading on Monday, hitting $0.20. 4,814,454 shares of the company’s stock traded hands, compared to its average volume of 51,634,928. Volato Group has a 52 week low of $0.12 and a 52 week high of $4.36. The stock has a fifty day moving average price of $0.22 and a two-hundred day moving average price of $0.48.

Volato Group (NYSEAMERICAN:SOAR) last released its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter. Volato Group had a net margin of 3.85% and a negative return on equity of 16.55%. The business had revenue of $1.00 million for the quarter.

Volato Group Company Profile

Volato Group, Inc operates as a private aviation company. It offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. As of December 31, 2023, the company operated a fleet of 24 HondaJets and a managed fleet of 6 aircraft. Volato Group, Inc was founded in 2021 and is based in Chamblee, Georgia.